Financial and ESG Performance Review
4
Provisions below run-rate reflecting a benign economic environment in
2022
Cost of Risk
Securities
Other
Including loans and corporate bonds
(bps)
Impairment and Provisions
(Єmn; %)
Loan Provisions
352.7
Includes:
€116mn of Real
Other
155.6
Estate tax introduced
Securities
47.8
Loan
Provisions
by the 2021 State
Budget Law
Includes:
.
Reversal of specific
provisions related with
contingencies and potential
claims
€57mn of Real Estate tax
(State Budget Law)
Covid-19
Impairment/
related sectors
Includes:
• €40mn additional
111.2
9.0
•
149.4
impairment within
Includes:
the scope of
Covid-19
67.6
• Provisions for a specific
corporate exposure;
2021
34.5
2022
•
Provision for Russian
Federation corporate
exposure¹ (€4mn)
novobanco
70
70
25
25
44
2021
45
2022
(1) As of Dec-22 total exposure to corporates from Russian Federation was €4.8mn recorded at fair value through other comprehensive income; no Russian Federation sovereign exposure.
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